When you read in the paper that a "trusted employee" has been charged with embezzlement, it can be shocking. But then, of course, it makes sense because the theft involved a trusted employee. An employee who isn't trusted doesn't have much of a chance to commit fraud.
In the News
Many construction bookkeepers have gaps in their knowledge about how to produce quality financial statements. That can matter at year-end. There is only so much your accounting or tax adviser can do at the end of the financial year to correct or modify poorly recorded transactions.
The cost of medical malpractice continues to rise, according to the Aon/American Society for Healthcare Risk Management (ASHRM) Hospital and Physician Professional Liability 2013 Benchmark Analysis. This annual study helps health care providers better understand trends related to medical malpractice risks.
The national do-not-call list is in effect, and although non-profit organizations are generally exempt from the regulations, the rules may significantly affect your operations.
Charities, religious and political organizations, as well as their paid and volunteer staff, are generally exempt from the do-not-call rule. Surveys that don't involve solicitations are also exempt.
With technology at the forefront of modern communication, more and more people are turning to the Internet to stay abreast of the latest news and information. Likewise, many of today's consumers use the Internet to find the best prices and to conduct research when they're planning their next purchase.
With salaries on a plateau or rising only slightly at most not-for-profit organizations, employers should be alert to other ways to give their employees a financial break. Having an accountable plan for business expense reimbursement is one way to save your employees some money.
Setting Up a Plan